Henan Yicheng New Energy approves governance changes, new financial instruments

Henan Yicheng New Energy's fourth extraordinary general meeting of shareholders in 2025 saw significant approvals, with a high attendance rate of 62.8733% of total voting shares. Key resolutions included the abolition of the supervisory board and subsequent amendments to the company's articles of association, which received 99.9045% approval.

The meeting also ratified updates to several internal governance documents, such as the Articles of Association, Shareholder Meeting Rules, Board Meeting Rules, Independent Director System, Information Disclosure Management System, Related Party Transaction Management System, External Investment Management System, External Guarantee Management System, and Rules for the Management of Raised Funds. These revisions aim to streamline operations and enhance oversight.

Furthermore, shareholders approved a projected increase in 2025 related-party transactions and the provision of guarantees for Pingdingshan Xinxin New Energy Technology Co., Ltd.'s financial leasing activities. The company also received approval to issue technology innovation sustainable corporate bonds and mid-term notes to professional investors, with the board authorized to handle all related matters. All proposals for the bond and note issuances passed with over 99% approval, demonstrating strong shareholder confidence in the company's financial strategies.